Apparel and Footwear in Taiwan: New Research Report Available at Fast Market Research
While economic growth showed improvement over low 2012 rates, GDP growth and private consumption in 2013 lagged behind estimates. Following weak economic conditions in the previous year, consumer confidence remained low as Taiwanese consumers reduced unnecessary spending. Stagnant wages, price hikes in oil, electricity, rent, and food had a negative effect on consumer apparel and footwear expenditure and drove spending toward cheaper alternatives offered through hypermarkets, online retailers...
View full press release